A project has a cost baseline of $200,000 and management reserve of $20,000. What is the total project budget?

Project Management (PMP) Medium

Project Management (PMP) — Medium

A project has a cost baseline of $200,000 and management reserve of $20,000. What is the total project budget?

Key points

  • Cost baseline covers estimated costs
  • Management reserve handles unforeseen expenses
  • Total budget encompasses both
  • Incorrect options omit the reserve

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